The Leader - January/February 2008 - (Page 55) GloB a liz a tioN : GloB a l sUp p lY chai N s e cUri tY caN Be a do UBle -e dG e d s W o rd n n n increased security themselves, especially in multi-tenanted buildings Security fees have been imposed on occupiers to pay for the cost of increased security Security practices have affected occupiers’ behavior Changes to the design of warehouses and sites It is clear that supply chain security requires a global effort. Governments and organizations are likely to become increasingly cooperative in enhancing supply chain security, and, over time, this sharing of experience is expected to lead to less disruption and costs when introducing and implementing supply chains security measures. aBoUt the aUthor Investors do not appear to have been directly affected by increased security measures. However, their activities may be indirectly affected by the growing threat of terrorism and investors looking abroad should take into consideration the political risk, which may hamper a deal. New warehouse designs, such as segregating parking garages from cargo trucks, are likely to accelerate as developers seek to address the growing demand for increased security. Also, it is possible that these concerns and risks may further enhance the current trend for outsourcing distribution centers to other countries such as China, where the risk of terrorism is lower. Overall, increased security has not impacted the property market through increased rents and is unlikely to do so in the immediate future. However, significant costs have been passed onto occupiers. This is likely to continue in the short and medium term as the industry adjusts itself to these threats. Daniel Gardner is an industrial specialist in the Global Markets team at DTZ Research in London. He has worked in both the Hong Kong and London offices and has been involved in several projects at a global level. In particular, he has written a number of thematic reports on key issues relating to the industrial sector, including reports on supply chain security and the future of multimodal maritime logistics in Europe. 2 0 0 8 the le ade r 55 J aN Ua rY / F e B rUa r Y
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